Acquisition

Hapag-Lloyd to buy into Hamburg's Eurogate terminal

Eurogate needs capital for its westward expansion. This was supposed to come from CMA CGM. But now Hapag-Lloyd is getting involved in CTH.

Acquisition

CMA CGM to buy FedEx Supply Chain

The French shipping and logistics company is pressing ahead with the expansion of its operations in North America. With the announced acquisition of FedEx Supply Chain, the group is strengthening its position beyond the traditional container…

EU Infrastructure Costs Directive

EU agrees toll discounts for range-extender lorries

Negotiators from the European Parliament and the Member States have agreed on a corresponding amendment to the EU Road Charging Directive. However, there are to be no discounts for energy-efficient lorry trailers or semi-trailers for the time being.…

Acquisition

FM Logistic to acquire majority stake in Germany's Schäflein

French contract logistics provider FM Logistic is to acquire a 90 per cent majority stake in Schäflein, the supply chain group based in Röthlein. The deal is subject to regulatory approval, including clearance by Germany's federal cartel office. FM…

Intermodal

Contargo chief calls German rail freight near-desolate

The number of intermodal consignments in Germany fell 20 per cent last year, according to the UIRR, the international body for combined road-rail transport. The decline is far steeper than in any other European country. Jürgen Albersmann, the UIRR's…

Restructuring

DB Cargo axes thousands of jobs as Brussels deadline looms

A sweeping restructuring plan that will cut 6,200 of its 14,000 German jobs by 2030 has been agreed between DB Cargo and its works councils, clearing a critical hurdle in chief executive Bernhard Osburg's push to return the freight railway to profit.…

Interview

Lufthansa Cargo sets top-three goal using own classification

Lufthansa Cargo is on track to become the world's third-largest air cargo airline by 2030, chief executive Ashwin Bhat told DVZ International, having climbed from seventh to fifth since launching its Bold Moves strategy in early 2024. The ranking is…

Middle East war

Gulf air cargo hubs recover to 80 per cent of pre-war levels

Airports across the Persian Gulf have staged a significant recovery since the outbreak of the Iran war at the end of February. Flight movements across all Gulf airports have reached roughly 80 per cent of pre-war levels, according to an analysis by…

E-mobility

Schneider Electric enters truck charging market

The French energy technology group Schneider Electric is moving into the truck charging market with a full range of systems for heavy commercial vehicles, unveiled at the Power2Drive Europe trade fair in Munich. The line-up runs from a 22-kilowatt…

Management

Mosolf group expands new chief executive's remit

Patrick Oestreich will assume a broader role than initially planned when he takes over as chief executive of the Mosolf group on 1 July. Beyond running the automotive logistics specialist, he will also lead the port logistics and services division,…

Regulation

Germany's coalition agrees law to fast-track infrastructure

The governing coalition has agreed final amendments to a sweeping infrastructure bill, clearing the way for the Bundestag to pass it on Friday. The Infrastruktur-Zukunftsgesetz aims to cut planning and construction times across all transport modes.…

Management

Loxxess founders reassert control after removing chief executive

Chief executive Ingo Brauckmann has parted ways with Loxxess, the Tegernsee-based logistics group said this week. The founding family will reassume operational leadership: shareholders Christina Thurner and her brother Claus-Peter Amberger are…

Container Port Performance Index

Chinese ports top World Bank ranking for container handling speed

Fuzhou and Dalian offer the fastest container turnaround times in the world, according to the World Bank's latest Container Port Performance Index. Salalah in Oman ranks third. All three serve as export or transhipment hubs — Fuzhou as the nearest…

Costs

Ocean freight rates hit 18-month high as peak season intensifies

Container shipping rates continue to climb despite the opening of talks between the US and Iran. Drewry's World Container Index jumped 12 per cent last week to 3,969 US dollars per FEU, its highest level in 18 months. The Shanghai index SCFI rose a…

Management

TST founders to step back as succession takes shape

Frank Schmidt, founder of TST Group, and his wife Melanie, the company's chief financial officer, plan to transition to supervisory board roles by 2030. The Worms-based contract logistics group, which is targeting revenues of 525 million euros this…